APG Asset Management N.V. increased its stake in D/B/A Chubb Limited New (NYSE:CB) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,449 shares of the financial services provider’s stock after buying an additional 7,700 shares during the period. APG Asset Management N.V.’s holdings in D/B/A Chubb Limited New were worth $14,022,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd purchased a new position in shares of D/B/A Chubb Limited New during the first quarter worth approximately $101,000. Assetmark Inc. boosted its stake in shares of D/B/A Chubb Limited New by 2.4% in the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after buying an additional 27 shares during the period. Pinnacle Bank bought a new stake in shares of D/B/A Chubb Limited New during the first quarter worth about $168,000. Integrated Investment Consultants LLC boosted its stake in D/B/A Chubb Limited New by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 1,294 shares of the financial services provider’s stock valued at $176,000 after buying an additional 43 shares during the last quarter. Finally, Norway Savings Bank raised its position in shares of D/B/A Chubb Limited New by 9.9% in the first quarter. Norway Savings Bank now owns 1,322 shares of the financial services provider’s stock valued at $180,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 87.80% of the company’s stock.
Shares of D/B/A Chubb Limited New (NYSE CB) opened at 145.44 on Friday. The company has a market cap of $67.69 billion, a price-to-earnings ratio of 12.79 and a beta of 0.91. D/B/A Chubb Limited New has a 12-month low of $121.48 and a 12-month high of $150.28. The firm’s 50-day moving average price is $146.62 and its 200 day moving average price is $140.68.
D/B/A Chubb Limited New (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.01. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.06 billion. D/B/A Chubb Limited New had a return on equity of 10.18% and a net margin of 16.68%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $2.25 EPS. On average, analysts predict that D/B/A Chubb Limited New will post $10.27 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, September 28th. D/B/A Chubb Limited New’s dividend payout ratio is currently 24.98%.
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A number of research firms have recently commented on CB. Royal Bank Of Canada raised their target price on D/B/A Chubb Limited New from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Wells Fargo & Company restated a “buy” rating on shares of D/B/A Chubb Limited New in a research note on Wednesday, April 26th. Citigroup Inc. lifted their price objective on D/B/A Chubb Limited New from $160.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded D/B/A Chubb Limited New from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Raymond James Financial, Inc. lifted their price objective on D/B/A Chubb Limited New from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $154.09.
In other news, CEO Evan G. Greenberg sold 69,175 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $144.73, for a total transaction of $10,011,697.75. Following the sale, the chief executive officer now directly owns 1,360,382 shares in the company, valued at approximately $196,888,086.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 13,804 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $145.39, for a total value of $2,006,963.56. Following the sale, the chief executive officer now owns 1,351,207 shares in the company, valued at $196,451,985.73. The disclosure for this sale can be found here. Insiders have sold a total of 234,390 shares of company stock worth $34,316,039 over the last ninety days. 0.43% of the stock is owned by insiders.
D/B/A Chubb Limited New Company Profile
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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